Wednesday, December 19, 2007

Best Buy's earnings are up to 228 Million

Consumers are obviously spending heavily on techie toys, even more so than last year, even in a downward spiraling economy. So, if you thought that you weren't going to get the flat-screen tv that is on your Christmas list, think again. Best Buy's previous quarter sales are at 9.9 billion pushing their earnings up 34.2% to 228 million from last year. And price per share has increased from last year's $.31/share to $.53/share. (Do not buy-now, LOL) So, I guess the Ipod is the hottest new, fashion accessory, replacing the Chanel bag, Ohh (gasp), only in America. Read the entire article on DNR.com.With the year that Best Buy is having their shoppers definitely said technology over purseology.

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